BARING ASSET MANAGEMENT Ltd Reduces Position in Honeywell International Inc. (NYSE:HON)

BARING ASSET MANAGEMENT Ltd lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 75.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,765 shares of the conglomerate’s stock after selling 82,125 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Honeywell International were worth $3,342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Weatherly Asset Management L. P. increased its position in Honeywell International by 0.3% in the first quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock worth $312,000 after buying an additional 8 shares in the last quarter. Hudock Capital Group LLC increased its position in Honeywell International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock worth $502,000 after buying an additional 14 shares in the last quarter. BKD Wealth Advisors LLC increased its position in Honeywell International by 0.4% in the first quarter. BKD Wealth Advisors LLC now owns 4,547 shares of the conglomerate’s stock worth $568,000 after buying an additional 18 shares in the last quarter. Point View Wealth Management Inc. increased its position in Honeywell International by 1.0% in the first quarter. Point View Wealth Management Inc. now owns 1,871 shares of the conglomerate’s stock worth $234,000 after buying an additional 19 shares in the last quarter. Finally, First Commonwealth Financial Corp PA increased its position in Honeywell International by 0.3% in the fourth quarter. First Commonwealth Financial Corp PA now owns 8,845 shares of the conglomerate’s stock worth $1,025,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) opened at 136.15 on Thursday. The firm has a 50-day moving average price of $134.12 and a 200-day moving average price of $127.18. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $136.17. The stock has a market cap of $103.79 billion, a price-to-earnings ratio of 21.44 and a beta of 0.95.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.33 billion. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 EPS. Equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current year.

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A number of research firms have recently commented on HON. Cowen and Company reiterated a “buy” rating and set a $140.00 target price on shares of Honeywell International in a research report on Monday. Stifel Nicolaus increased their target price on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Citigroup Inc. increased their target price on Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. HSBC Holdings plc began coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $136.05.

In related news, Director Bradley T. Sheares sold 3,430 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the sale, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David M. Cote sold 969,650 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $130.78, for a total value of $126,810,827.00. The disclosure for this sale can be found here. Insiders sold a total of 1,253,667 shares of company stock worth $164,049,416 in the last quarter. Company insiders own 1.56% of the company’s stock.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.